Absorption Report


Absorption Report

The absorption rate is essentially the total number of months that it would take to sell all of the current listings in a particular market. These ratings are in a constant state of fluctuation, based on supply and demand, and usually involve all homes sold within the previous six-month period. A lower absorption rate means that the property will likely take a bit longer to sell, and conversely, a higher number indicates that the property is likely to sell much faster. Both buyers and sellers can use this data to help predict sales activity and home prices for the property in question. For example, if a homeowner lives in a market with an absorption rate of 5-months and is also anxious to sell due to a job transfer, then it might be in his or her best interest to be more aggressive in the listing price.

Seller's
Market
Balanced
Market
Buyer's
Market
< 5 months Inventory 5 months Inventory > 5 months Inventory

Houses 29% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
126k-150k 1 0
176k-200k 2 1 0.3 0
201k-225k 2 0.3 0
226k-250k 3 1 0.5 0
251k-275k 1 19 1 3.2 0.3
276k-300k 11 26 3 0.4 2.5
301k-325k 22 61 14 0.5 2.2
326k-350k 39 114 25 0.5 2.1
351k-375k 57 119 15 0.3 2.9
376k-400k 69 166 20 0.4 2.5
401k-425k 38 107 9 0.5 2.1
426k-450k 68 93 10 0.2 4.4
451k-475k 31 74 8 0.4 2.5
476k-500k 36 77 11 0.4 2.8
501k-550k 45 107 9 0.4 2.5
551k-600k 38 56 4 0.2 4.1
601k-650k 18 49 8 0.5 2.2
651k-700k 12 17 2 0.2 4.2
701k-750k 11 15 1 0.2 4.4
751k-800k 5 5 0.2 6
801k-850k 4 8 2 0.3 3
851k-900k 2 2 0.2 6
901k-950k 2 0.3 0
951k-1m 2 0
1m-1.1m 3 0
1.1m-1.2m 3 0
1.2m-1.3m 5 0
1.3m-1.4m 1 0
1.4m-1.5m 3 0
1.5m-1.6m 2 0
1.7m-1.8m 1 0
1.9m-2m 1 0
2m-2.25m 1 0.2 0
3m-3.5m 1 0
9.01m-10m 1 0

Townhouses 31% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
176k-200k 1 0
201k-225k 1 0
226k-250k 1 4 0.7 1.5
251k-275k 1 10 1 1.7 0.6
276k-300k 11 25 2 0.4 2.6
301k-325k 16 18 5 0.2 5.3
326k-350k 14 16 5 0.2 5.3
351k-375k 11 21 2 0.3 3.1
376k-400k 21 39 5 0.3 3.2
401k-425k 31 45 6 0.2 4.1
426k-450k 13 21 5 0.3 3.7
451k-475k 10 4 4 0.1 15
476k-500k 2 2 0.2 6
501k-550k 1 5 0.8 1.2

Condos 27% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
126k-150k 1 0.2 0
226k-250k 1 3 0.5 2
251k-275k 1 3 0.5 2
276k-300k 2 2 1 0.2 6
301k-325k 1 0.2 0
326k-350k 1 1 0.2 6
351k-375k 2 0.3 0
376k-400k 5 2 0.8 0
401k-425k 1 0.2 0
426k-450k 1 2 0.3 3
451k-475k 1 0
651k-700k 1 0

Land 27% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
26k-50k 3 2 0.5 0
51k-75k 5 2 0.1 15
76k-100k 3 4 2 0.2 4.5
101k-125k 1 2 1 0.3 3
126k-150k 1 0.2 0
151k-175k 2 0
176k-200k 4 0
226k-250k 2 2 0.2 6
251k-275k 1 0
276k-300k 1 1 0.2 0
301k-325k 1 1 0.2 0
326k-350k 1 0
376k-400k 1 0
426k-450k 1 0
501k-550k 2 0.3 0
551k-600k 1 0.2 0
601k-650k 1 0
651k-700k 2 1 1 0.1 12
801k-850k 1 1 0.2 6
851k-900k 1 0.2 0
901k-950k 1 0
951k-1m 1 0.2 0
1m-1.1m 1 0
1.1m-1.2m 1 0
2.75m-3m 1 0
3m-3.5m 1 0
5.01m-6m 1 0.2 0